Series A
/ˈsɪə.riːz eɪ/concept · noun
The first priced equity round — typically $5-20M raised after a startup has proven product-market fit, structured with full term sheets, board seats, and preferred stock instead of the casual paper of seed.
Real-world examples
For You
See this term applied to your company
Add your company and a website to your QuibLab profile, and every term will come with a tailored example based on what you're building. Takes about 30 seconds.
Add my companyThe rule of thumb that emerged from 2010s SaaS investing: ~$1M in annual recurring revenue, growing 3x year-over-year, with strong retention — that's the threshold where Series A funds (Benchmark, Accel, Sequoia, Index) start taking meetings. The bar has moved with each market cycle: $3M+ ARR in 2024 vintages.
Source:Point Nine — State of SaaS
